Mich. Governor Picks Detroit Emergency Manager

A bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring has been chosen to steer Detroit out of its financial abyss. Detroit is now the largest U.S. city to have its finances placed under state control. (March 14)

A bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring has been chosen to steer Detroit out of its financial abyss. Detroit is now the largest U.S. city to have its finances placed under state control. (March 14)

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A bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring has been chosen to steer Detroit out of its financial abyss. Detroit is now the largest U.S. city to have its finances placed under state control. (March 14)